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Pastimes : CNBC -- critique.
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To: Haim R. Branisteanu who wrote (5540)5/13/2000 6:43:00 PM
From: Mark Marcellus  Read Replies (1) of 17683
 
I write you because many people will lose more money for the reasons I posted on SI this post Message 13468456 and other related posts.

I still don't understand this canonization of FNN by some of the people on this board. I guess things always look better in retrospect. Yes, FNN was a good financial channel, but they were just as guilty of all the things CNBC is being accused of. Any differences in scale are entirely attributable to the fact that CNBC is much more successful than FNN ever was. But that's just the nature of the mass market media beast.

However, there is one thing true of FNN that is not true of CNBC. They directly contributed to some viewer's losses. FNN went bankrupt and left shareholders holding the bag. And somehow FNN's reporters were right in the middle of this story and either were not aware of what was going on or chose not to report on it. IMO, that's a permanent black mark on FNN.
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